1. Type of plan : New Product Unveiling for “The LUV Veracruz”
2. Contents & Schedule
1) R&D Period : 26 months
2) total investment : KRW 222.9 billion
3) Features : To install V6 3.0 Passenger diesel engine
developed in-House using HMC’s own technology.
4) Date of sales
- Korea: October 13, 2006
- Overseas: October 2006
(North America: December 2006)
5) Expected Effects (target)
- 5,000 units in 2006
- Year 2007 target
Korea : 20,000 units / Export : 65,000 units
- Year 2010 target
Korea : 24,000 units / Export : 76,000 units
3. Date of Press Release : October 12, 2006
4. Launching Information :
- Launching on October 12, 2006
at Seoul Walkerhill Hotel in Korea
5. Others :
- The above targets in the #2 may be subject to change
depending on external business circumstances and other conditions.
- The “Date of Press Release” in the #3 is the date of press release.
- For more information, please refer to the Hyundai Motor Company homepage
(http://www.hyundai-motor.com).
